{"id":251568,"date":"2020-02-21T10:28:48","date_gmt":"2020-02-21T15:28:48","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=251568"},"modified":"2024-03-18T10:24:48","modified_gmt":"2024-03-18T10:24:48","slug":"credit-card","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\/credit-card","title":{"rendered":"How to Buy Bitcoin with Credit Card"},"content":{"rendered":"

Credit cards have become one of the easiest methods of buying Bitcoin and other altcoins for investors. In previous years this was not a favored payment method as it often involved fraud; however, today, many anti-fraud companies and brokerage firms have made it possible to safely and efficiently buy Bitcoin using a credit card.<\/span><\/p>\n

The most well-known, regulated cryptocurrency trading platforms now accept credit cards as a fiat on-ramp to purchase cryptos. We review the best exchanges to buy Bitcoin<\/a> with credit, how to do so in screenshots, and what you need to consider before getting started.<\/span><\/p>\n

How to Buy Bitcoin with Credit Card<\/h2>\n
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  1. Choose a Bitcoin exchange – we recommend OKX.<\/li>\n
  2. Create an account<\/li>\n
  3. Deposit funds into your account, selecting the credit card option<\/li>\n
  4. Search ‘Bitcoin’ in the drop-down menu<\/li>\n
  5. Click ‘Open Trade’ and select an amount of Bitcoin to buy<\/li>\n<\/ol>\n<\/div><\/div>\n

    Compare Bitcoin Exchanges<\/h2>\n

    As you will find plenty of cryptocurrency exchanges that allow you to buy Bitcoin with a credit card, you may be confused about which one to choose to get more efficient and safe trading. <\/span><\/p>\n

    In the above list, we included brokerage platforms considering some crucial factors. In the first case, we examined their security systems and website safety to recommend the most trustworthy and reliable brokers. Top financial institutions regulate most trading platforms we included in the list and have strong privacy policies. <\/span><\/p>\n

    Secondly, we figured out their pricing systems, which include what trading and non-trading fees the brokers charge. Some brokers and exchanges also apply hidden fees that they can include in the asset price, so you must be careful too. As for trading fees, brokers charge either commission fees or spreads or, in some cases, both. <\/span><\/p>\n

    At last, if you plan to buy and sell assets frequently, you should choose a broker with lower fees. Some firms do not charge fees but others charge commissions. We also examine their non-trading fees, such as withdrawal, conversion and deposit fees, management costs, and so on, as they can also eat your profits in the process. <\/span><\/p>\n

    How to Buy Bitcoin with Credit Card<\/h2>\n

    In this section of our guide, we’ll show you a step-by-step process of how to buy Bitcoin with a credit card with one of our recommended exchanges, OKX. <\/span><\/p>\n

    Step 1. Open an Account<\/h3>\n

    It is simple to get started on OKX, either download the free mobile app or join the exchange via its website. Enter an email address to get going.<\/p>\n

    Step 2. Verify Your Account<\/h3>\n

    Next, new users must complete steps to verify their account and identity. That includes verifying an email address and phone number, as well as providing Know Your Customer details such as a photo ID, and in some cases proof of address.<\/span><\/p>\n

    Once these steps are completed and have been checked, users can deposit funds.<\/p>\n

    Step 3. Deposit Funds via Credit Card<\/h3>\n

    OKX allows users to deposit fiat currency via multiple methods, including with a credit card – debit cards, bank transfers, and e-wallets can also be used.
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    There are no fees on deposits or withdrawals, and a minimum amount of $1.<\/p>\n

    Step 4. Buy Bitcoin<\/h3>\n

    Once the OKX account has funds, it is time to purchase Bitcoin. Head to the home dashboard and search either ‘Bitcoin’ or ‘BTC’ in the bar, then select it and click ‘Buy’.<\/p>\n

    Next, enter the amount to purchase (minimum $30) and follow the steps to purchase via a third-party broker such as Wert or MoonPay – they are all trusted but will offer different rates.<\/p>\n

    Once selected, simply follow the steps to complete the transaction. The BTC will then be available in the wallet under ‘Portfolio’.<\/p>\n

    Buying Bitcoins Instantly with Credit Card without Verification<\/h2>\n

    There are several methods to buy Bitcoin with a credit card without going through any verification processes. At first, though, we should mention that these options involve higher risks of data leaking and fraud – They are not as safe as trading with regulated brokers as long as top brokers provide strong safety with your information and funds. <\/span><\/p>\n

    Many cryptocurrency exchanges supporting buying Bitcoin with a credit card without verification are not regulated. So, you must be careful not to provide your card details to a susceptive platform. <\/span><\/p>\n

    There are also peer-to-peer marketplaces where you buy cryptocurrencies directly from the seller. On these platforms, you browse to find the best seller for you, get in touch, and they will directly send it to your Bitcoin wallet. With this in mind, you can also face situations when you send the money but won’t get your cryptos. Hence, you had better select a P2P marketplace with an escrow mechanism. <\/span><\/p>\n

    Another option is to buy BTC from a Bitcoin ATM. You can look at the BTC ATMs map to find out if there is an ATM machine near your location and buy Bitcoin with a credit card. But this method also has its drawbacks, notably high fees and availability. <\/span><\/p>\n

    Advantages and Disadvantages of Using a Credit Card for Buying Bitcoin<\/h2>\n

    In all senses, there is no perfect payment method – some take longer to transfer funds, others require higher trading fees, etc. So, you need to select the one that best suits your requirements. With this in mind, you can find the advantages and disadvantages of buying Bitcoin via credit card below before you get started. <\/span><\/p>\n

    Advantages<\/b><\/p>\n